The S&P/Case Shiller Home Price Indices, which track home prices throughout the U.S. on a two-month lag, declined 3.9 percent during the fourth quarter of 2010 on top of a 1.9 percent decline in Q3. Prices were 4.1 percent lower than one year earlier. This represents the lowest annual growth rate since the third quarter of 2009 when prices were falling at an 8.6 percent annual rate and the sixth consecutive month of national home price depreciations.
S&P/Case-Shiller provides two monthly indices which track the price path of single family homes in a 10-City and a 20-City data base. Each index combines matched price pairs from sales of individual homes. The National Housing Index tracks home value data for the nine U.S. Census divisions and is calculated quarterly. All indices are based on a value of 100 which represents home prices in January 2000. A current index value of 150 percent would translate to a 50 percent appreciation in price since that date.
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Source: http://www.mortgagenewsdaily.com/02222011_home_values.asp
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